gtag('config', 'UA-154374887-1');

CBDT Extends Date for Filing Declarations and Payment of Tax under Vivad Se Vishwas Scheme to March 31, 2021

cbdt-extends-date-for-filing-declarations-and-payment-of-tax-under-vivad-se-vishwas-scheme-to-march-31-2021

CBDT vide Notification No. 09/2021 dated 26.02.2021 further extends the date for filing of declarations under the Direct Tax Vivad Se Vishwas Act, 2020 from 28th February, 2021 to March 31, 2021. This time the date for payment of disputed tax without 10% additional amount under Vivad Se Vishwas Scheme is also extended to 30th April, 2021 from March 31.


CBDT has issued a Notification no. 09/2021 in S.O. 964(E) dated 26/02/2021 to this effect.


Further, the date for payment of disputed tax without 10% additional amount under Vivad Se Vishwas Scheme extended to 30th April, 2021. The date for payment of tax without additional interest was earlier expiring on 31st March 2021. Hence, if the disputed tax is paid after 30th April, then from 1st May 2021, 10% additional amount of disputed tax shall be required to be paid.



This notification extending the date of filing of the declaration is issued by exercising the powers given under section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020).


Earlier vide Notification No. 4/2021 dated 31.01.2021, the date of filing of the declaration under this scheme was extended to 28th February, 2021.


CBDT vide Notification No. 92/2020 in S.O. 4804(E) issued on 31.12.2020 has extended the date for making payment without additional amount under the Vivad se Vishwas Scheme from 31st December 2020 to 31st January 2021 by modifying Notification No. 85/2020, dated the 27th October, 2020.


The date for filing the declaration and making payment without additional amount under Vivad se Vishwas was extended from 31st March 2020 to 30th June 2020 by the Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020.


Later again, this date was extended further to 31st December 2020 by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020 by amending the Direct Tax Vivad se Vishwas Act, 2020 to extend the date for payment without 10% additional amount to 31-12-2020 in line with the relaxation provided in the Ordinance of 2020. It also empowers the Central Government to notify certain dates relating to filing of declaration and making of the payment. Earlier both the declaration and the payment without additional amount under the Vivad se Vishwas were required to be made by 31st December 2020.


The Central Government has notified the Direct Tax Vivad se Vishwas Rules, 2020 and corresponding Forms as required under the Direct Tax Vivad se Vishwas Act, 2020 vide Notification No. 18/2020 dated 18.03.2020.


The following 5 types of Forms have been notified under the Rules. 


Form No.

Purpose of Forms

Form-1

Form for filing declaration

Form-2

Undertaking u/s 4(5) of the Direct Tax Vivad Se Vishwas Act, 2020

Form-3

Form of Certificate u/s 5(1) of the Direct Tax Vivad Se Vishwas Act, 2020

Form-4

Intimation of payment u/s 5(2) of the Direct Tax Vivad Se Vishwas Act, 2020

Form-5

Order for Full and Final Settlement of Tax Arrear under section 5(2) read with section 6 of The Direct Tax Vivad Se Vishwas Act, 2020


Finally, the amended dates under the Vivad se Vishwas Scheme after the issue of Notification 9/2021 on 26.02.2021 are as follows-


Dates

Amendments

31st March 2021

The declaration shall be filed to the designated authority

30th April 2021

The payment date of the amount of the disputed tax

1st May 2021

The payment date of the amount of the disputed tax with 10% additional amount



Read the full text of Notification No. 9/2021 dated 26.02.2021


MINISTRY OF FINANCE 

(Department of Revenue) 


NOTIFICATION 


New Delhi, the 26th February, 2021


S.O. 964(E).— In exercise of the powers conferred by section 3 of the Direct Tax Vivad se Vishwas Act, 2020 (3 of 2020), the Central Government hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, (Department of Revenue), number 85/2020, dated the 27th October, 2020, published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii), vide number S.O. 3847(E), dated 27th October, 2020, namely:–


In the said notification,– 


(i) in clause (a), for the figures, letters and words “28th day of February, 2021” the figures, letters and words “31st day of March, 2021” shall be substituted; 


(ii) in clause (b), for the figures, letters and words “31st day of March, 2021” the figures, letters and words “30th day of April, 2021” shall be substituted; and 


(iii) in clause (c), for the figures, letters and words “1st day of April, 2021” the figures, letters and words “1st day of May, 2021” shall be substituted.


[Notification No. 09/2021/ F.No. IT(A)/01/2020-TPL]


SHEFALI SINGH, Under Secy., Tax Policy & Legislation Division


Note: The principal notification was published in the Gazette of India, Extraordinary, Part-II Section 3, Sub-section (ii) dated the 27th October, 2020 vide number S.O. 3847(E), dated 27th October, 2020 and was subsequently amended by notification number S.O. 4804(E), dated 31st December, 2020 published in the Gazette of India, Extraordinary, Part-II Section 3, Sub-section (ii) dated the 31st December, 2020 and notification number S.O. 471(E), dated 31st January, 2021 published in the Gazette of India, Extraordinary, Part-II Section 3, Sub- section (ii) dated the 31st January, 2021.


Download CBDT Notification No. 9/2021 dated 26.02.2021 on the extension of filing declarations and payment date under Vivad se Vishwas Scheme in pdf format




Get all latest content delivered straight to your inbox
Socialize with Us

Post a comment

0 Comments